From Editor-in-Chief
Mark Tucker: The value of life insurance
Chris Fischer Hirs: Increasing risk complexity calls for greater client engagement
25th anniversary: Value of insurance to society - Making insurance invaluable
25th anniversary: Value of insurance to society - The regulator's view
25th anniversary: Value of insurance to society - Beyond protection
25th anniversary: Value of insurance to society - Celebrating Silver Jubilee
25th anniversary: Value of insurance to society - Saluting the Founder of Asia Insurance Review
AEC focus: Cross-border capital raising made possible in ASEAN
AEC focus: ASEAN trade growth could exceed global average by 2%
India focus: India's Insurance Bill finally sees the light of day
CEO summit: Reinvention - Now!
Product bites
Political and credit risks:The world's politics just got riskier
Political and credit risks: Trade Credit Insurance: The essential credit management tool
Political and credit risks: Risky business? - The changing landscape of trade credit risk in SE Asia
Brokers' summit: Brokers should focus on SMEs
Finance, risk and actuarial change in insurance: Three's company: From coexistence to cooperation
Structural fire: The forgotten risk of Jakarta
Robert A Cook: Reflections of an Asia regional CEO
Avicennia Capital: Malaysia's sovereign fund seeks insurance opportunities
Albert Benchimol and Emmanuel Clarke on enhancing position and efficiencies in AXIS-Partner Re
PII International insurance: Interview with SECP Chairman - Pakistan: Slow but steady growth
Risk managers bulk up: From managers to strategists
Bring on the bad news - the challenging role of a Risk Manager
Can insurers cover more speculative forms of risk?
The risk manager as chief strategist
Filling the gaps in construction risks
Food matters - Calling for solution recipe
Hong Kong: Shine on
Interview with regulator: 2014 was a good year
Hong Kong insurance industry faces sweeping changes
Thriving in Hong Kong's evolving insurance environment
Starr hitches wagon to Asian growth
Hong Kong: Proposed introduction of risk-based capital regime
Takaful in Malaysia: Bringing retakaful to the next level
Takaful in Malaysia: Minimising the Protection Gap in Malaysia: Where do we go from here?
The upside of risk management: Fair outcomes for customers
Attempts to embellish an insurance claim can prove costly
Regulatory updates
Digitisation in insurance: What does it really mean?
Afro-Asia: FAIR syndicate to cover nuclear energy risk
Asia: Highest tsunami risk in Taiwan from major EQ in Manila Trench
Asia: Responding to disasters no longer sufficient for ASEAN nations - Malaysian DPM
Asia: Five Asian countries in top 10 list of Aon Benfield's Country Opportunity Index
Asia: Emerging markets' private health premiums to double by 2020
Australia: Cyclone Marcia bill busts A$400 mln
Australia: ANZIIF launches trans-Tasman Women in Insurance roadshow
Bangladesh: IFC to partner Green Delta for Crop insurance project
China: Lloyd's opens Beijing Branch, expects premiums to double
Approval for first-ever Chinese shipping insurer
China's credit insurance growth hampered by high fees
Hong Kong: AXA and Zurich remain largest insurers by GWP in 2014
HKFI launches Young Insurance Executive Development Programme
India: Willis signs joint venture with Almondz
Sompo Japan acquires stake in French reinsurer SCOR
Nepal: Regulator makes it mandatory for insurers to go rural
Pakistan: EFU Life launches Window Family Takaful operations
Singapore: Next round of risk-based capital study scheduled in Q2
Singapore: Great American Insurance lands in Lion City
Singapore: SIRC to go annual from 2017 onwards
Singapore: General insurance sector sees 37.4% jump in underwriting profit in 2014
Taiwanese financial groups seek M&A in SE Asia
Taiwan: Large-scale infrastructure projects to boost non-life sector
Lloyd's opens Dubai office
New study shows little prospect of reducing disaster losses
Warren Buffett on the importance of underwriting discipline
IIS renames Annual Seminar to Global Insurance Forum in strategic move
Diary of events
People on the move
COVER STORY
There are many "Supermen" needed for a company to be successful and a risk manager is definitely one of them. Its role is ever-evolving and expanding at a very fast pace as the speed of changes in the marketplace accelerates continuously. In this Cover Story, several risk managers and insurers discuss the expectations, the challenges as well as ask the question if insurers can cover more speculative types of risks. We also hear from a risk manager of a major transport system as well as insurers who share risk management insights for construction sites and agri-inputs companies.
COUNTRY PROFILE
The recently released 2014 figures by OIC show a healthy 13% jump for insurance. Regulatory changes will continue to figure prominently on the industry's agenda in 2015, as the regulator moves closer to independence, looks to develop a risk-based...
SPECIAL FEATURE
Eleven CEOs and three regulators share their views on the value of insurance, what our industry is still not doing right and how we can remedy these misconceptions.
Buy Now
In order to present a complete story on the value of insurance, Asia Insurance Review also sought out a few regulators for their views on insurance and how best to help the industry progress.
As we mark our 25th Anniversary with an international summit to celebrate the contribution of insurance to society, we salute three insurers who are already moving beyond just insurance to provide value to society.
Mr Robert A Cook, President & CEO, Manulife Asia from 2007 to 2015, looks back at his eight years spent at the helm of the Canadian life insurer's Asian arm, as he steps down from his position after 36 years spent with the company.
Mr Alexander Ankel, CEO of Avicennia Capital, shares on the opportunities he sees in the industry and the strategic advantages this insurance holding arm of Malaysia's sovereign wealth fund Khazanah Nasional brings to the table for present and...
On 25 January, AXIS Capital Holdings Ltd and PartnerRe Ltd announced the signing of an US$11 billion merger agreement to create one of the world's largest specialty insurance and reinsurance companies, with gross premiums written in excess of $10...
With a population of over 180 million people, the Pakistani insurance market offers huge potential as insurance penetration is just 1.73% of GDP. Gross premiums amounted to PKR100.7 billion (US$990 million) in 2010 and reached PKR176.5 billion in...
There are many "Supermen" needed for a company to be successful and a risk manager is definitely one of them. Its role is ever-evolving and expanding at a very fast pace as the speed of changes in the marketplace accelerates continuously. In...
How has the risk manager evolved? We look at the expectations of the modern risk manager, in the interests of aspiring risk executives and insurance professionals seeking a better partnership. By Chia Wan Fen
Asia Insurance Review speaks to Telekom Malaysia's Chief Procurement Officer, Mr Mohamad bin Mohamad Zain, who has been instrumental in shaping his organisation's risk management culture. By Ridwan Abbas
In this exclusive interview, Ms Annie Choi, the Commissioner of Insurance of Hong Kong, gives her assessment of the industry in 2014, shares what regulations would be expected this year and her thoughts on numerous topics including the new...
2015 promises to be busy year of regulatory activities for the insurance industry. Here, we review some of the most important developments that the industry will need to contend with in the coming months. By Gregory Taylor, AIR Correspondent,...
Mr Marcel Omar Papp and Mr Delil Khairat of Swiss Re Retakaful give an update on MTA's two retakaful initiatives - development of a market standard retakaful wording and a market retakaful pool for large risks.
Ms Farzana Ismail of Actuarial Partners Consulting shares their research findings on the protection gap in Malaysia as well as an overview of the takaful/insurance landscape in the country.
In this extract taken from the Geneva Association newsletters, Mr Marco Vet from Achmea compares insurance with other industries, its market misconducts and what insurers and regulators need to do to increase the value of insurance to consumers.
Mr Patrick Perry and Mr Michael Maguiness from Clyde & Co Hong Kong advise that if an insured makes a misleading statement in the presentation of a claim without caring whether it is true or false, he risks losing all entitlement to the indemnity.
In this update brought to you by PwC, we bring you a roundup of key regulatory activities around the region in the recent few months.
Traditional insurance channels are currently being challenged by digitally-literate insurers. Mr Toby Rotstein of Innovation Group asks if an insurer can afford to be complacent and sit on the side-lines, watching its customers get chatted up by...
FAIR Oil & Energy Insurance Syndicate (FOEIS) is expanding its reinsurance acceptance scope to include nuclear energy risks. The facility will cover all risks of physical loss or damage and business interruption including nuclear perils, radioactive...
In a study of the tsunami risk from a moment magnitude 9.4 earthquake along the Manila Trench, the worst case scenario predicts the highest risks in southwest Taiwan, specifically, up to four metres at the Port of Kaohsiung, Taiwan's principal port...
ASEAN countries are at the crossroads of deepening their understanding of the changes in the world where responding to disasters is no longer sufficient as demands for building safer and resilient communities are becoming imperative.
Lloyd's has officially launched its new specialist underwriting platform in Dubai to provide tailored risk solutions across the Middle East.
Preliminary results of a catastrophe modelling study presented at the recent Third UN World Conference on Disaster Risk Reduction, showed little prospect of reducing economic losses from present level of US$240 billion per year.
Asound insurance operation needs to adhere to four disciplines but many insurers pass three of the disciplines and fail the fourth, said Mr Warren Buffett in his annual letter to shareholders for 2014.